ARUN SONI
Raipur
Summary
To ensure professional and organizational growth by working in a challenging & learning environment. Made a new definition for managerial qualities in collection at BANK/NBFC world. Industrious collections specialist eager to leverage several years of professional experience to new role. Excellent communicator and closer with solid record of success and strong knowledge the field.
Overview
22
22
years of professional experience
Work History
AREA COLLECTION MANAGER
HDB financial services Ltd.
Surat
07.2021 - Current
- Ensure appropriate and timely legal action on delinquent cases.
- Managing the Legal Department for the filing of cases, serving of summons, and warrants.
- Monitored portfolio and developed processes to minimize write-off accounts.
- Reviewed and provided feedback on portfolios with NCMs, zonal manager, and collection managers to enhance performance.
- Review the collection manager and team in regard to PTP and PTP conversions for each DRR. Efficiency, and guide them for improvement.
- Report daily flows to the Zonal Collections Manager regarding overall targets vs. achievements.
- Review with the Collection Manager regarding the variation from the target versus achievements on the given milestone.
- Make strategies for achieving the target by discussing with the Zonal Collections Manager.
- Analyzed reasons for defaults and proposed settlement strategies to improve recovery rates.
- Ensured compliance with all audit and regulatory institutions and company policies and procedures.
- Oversaw recruitment activities to ensure staffing met budgetary constraints. as per the company budget.
AREA COLLECTION MANAGER (Grade Sr. Manager)
Axis Bank Ltd.
Raipur
01.2021 - 07.2021
- Allocation of accounts to various collection agencies/managers.
- Reviewed weekly milestone target conversions with Collection and Agency Manager.
- Report daily flows to the zonal head regarding NPA/Papa targets and achievements.
- Coordination with the Operations, Sales, and Credit teams for resolving issues.
- Analyzed costs in collection processes to identify optimization opportunities.
- Checking various vendor bills and processing.
- Established RBI-related collection guidelines for team compliance.
- Complete compliance as per audit requirements.
AREA COLLECTION MANAGER (Grade Manager)
BAJAJ AUTO FINANCE
Raipur
07.2019 - 12.2020
- Timely review and guide the collection manager, agency, and collectors in regard to PTP, and PTP conversions.
- Developed strategies with Collection Manager to achieve targets.
- Prepare and launch variable schemes to achieve the target.
- Allocation of accounts to various collection agencies/managers.
- Reported daily flows to regional head on fresh flow and target achievements.
- Cost analysis of the collection.
- Checking repossession approval, allocation, and disposal as per process.
- Checking audit requirements and completing on time frame, i.e., repossession kit, vendor bills, and other processes.
- Reviewed unmapped receipts for accuracy and compliance.
- Established RBI collection guidelines for banks, guiding team compliance.
AREA COLLECTION MANAGER (Grade - Manager)
DCB BANK LIMITED
Raipur
09.2013 - 07.2019
- Timely review the collectors in regard to target vs achievement, and guide them to reach the set target. i.e. PTP and PTP conversions/DRR.
- Reported daily workflows to east zone head regarding fresh flow and NPA, provisioning, and other targets.
- Managing the Legal Department for the filing of cases, serving of summons and warrants, Sarfaesi, and DRT cases.
- Allocated accounts to collection managers based on performance metrics.
- Coordinate with the branch manager on default obligations, processes, and policies matters.
- CMS allocation and CMS trails updating.
- Establish RBI collection-related guidelines for banks among the team.
- Fulfill audit and ops-related issues within the set time frame.
- Audit various registers, i.e., repossession, stock, receipt control, receipt book, various vendor bills, and processing.
TERRITORY COLLECTION MANAGER
TVS CREDIT SERVICES LIMITED
Raipur
06.2011 - 09.2013
- Achieved recognition through winning the national-level collection managers competition held in Singapore.
- Reviewed account allocations and coordinated with collections officers, sales executives, and a collection agency to meet set targets.
- Managed Legal Department operations for case filings, summons serving, and warrant issuance.
- Report daily flows to the Area Manager regarding FEMI, NCL, and other targets.
BUCKET/AGENCY MANAGER
FULLERTON INDIA CREDIT COMPANY Ltd.
Raipur
05.2007 - 05.2011
- Successfully handle branches, recovery, and team, achieving targets for recovery.
- Reviewed allocations and achieved set targets of accounts with a team of collections officers and a collection agency.
- Report daily flows to the State Collections Manager regarding NCL targets.
- Managing the Legal Department for the filing of cases, serving of summons, and warrants.
TERRITORY TEAM LEADER (Collections)
MAHINDRA & MAHINDRA FINANCIAL SERVICES
Bilaspur
01.2006 - 05.2007
- Handling hardcore collections and repossessions.
- Achieved the target in hard collections and disposal loss cases.
- Working especially on disposal loss cases and recovery from that type of case.
- Benchmark the primary responsibilities for monitoring the recovery of outstanding amounts as per the company’s norms.
- Coordinate three branch managers in day-to-day jobs.
- Reporting to the state head for daily collection.
Team Leader (Collections)
CITI FINANCIAL CONSUMER FINANCE INDIA LTD.
Raipur
06.2004 - 01.2006
- Assisted Collection Manager with daily operations.
- Benchmark the primary responsibilities.
- Monitored collection and recovery of outstanding accounts to meet company standards.
- Trained and supervised Collection Agency and Field collectors.
Education
M.Com -
Pt. RSSU
Raipur01.2004
B.Com -
Pt. RSSU
Raipur01.2002
12th -
M.P. Board
Bhopal01.1999
10th -
M.P. Board
Bhopal01.1996
O LEVEL - COMPUTER KNOWLEDGE
Skills
- Portfolio management
- Legal compliance
- Collection strategy
- Risk assessment
- Data analysis
- Customer relationship management
Accomplishments
- Represent Zonal Cricket Team Vizy Trophy Tournament and senior Cricket player RDCA.
- Represent Bengal Nagpur Railways in Kolkata League Tournament.
References
- Mr. Akshay Bharucha, business head-Marg finance, +91 98256 00340, akshaybharucha01@gmail.com
- Mr. Ramakrishna Jadhav, NCM- Hero fincorp, +07595912647
Personal Information
- Father's Name: Lt Shri S.k. Soni
- Date of Birth: 05/20/81
- Current Address:- Arun Soni, Bejanwala Complex, Rander road ,Near Navyug Collage -Surat-395009
Timeline
AREA COLLECTION MANAGER
HDB financial services Ltd.
07.2021 - Current
AREA COLLECTION MANAGER (Grade Sr. Manager)
Axis Bank Ltd.
01.2021 - 07.2021
AREA COLLECTION MANAGER (Grade Manager)
BAJAJ AUTO FINANCE
07.2019 - 12.2020
AREA COLLECTION MANAGER (Grade - Manager)
DCB BANK LIMITED
09.2013 - 07.2019
TERRITORY COLLECTION MANAGER
TVS CREDIT SERVICES LIMITED
06.2011 - 09.2013
BUCKET/AGENCY MANAGER
FULLERTON INDIA CREDIT COMPANY Ltd.
05.2007 - 05.2011
TERRITORY TEAM LEADER (Collections)
MAHINDRA & MAHINDRA FINANCIAL SERVICES
01.2006 - 05.2007
Team Leader (Collections)
CITI FINANCIAL CONSUMER FINANCE INDIA LTD.
06.2004 - 01.2006
M.Com -
Pt. RSSU
B.Com -
Pt. RSSU
12th -
M.P. Board
10th -
M.P. Board